David Nicholas, President of Nicholas Wealth Management, discusses the implications of Google's ongoing monopoly case and how it could affect the stock prices of Big Tech companies, especially Google and Apple. He suggests that the EU's regulatory challenges to these companies could lead to increased scrutiny and potential decline in their stock values.
The ongoing scrutiny and regulatory pressures on Google may lead to a decline in its stock value as investors react to potential legal and compliance costs. Additionally, similar pressures on Apple could also weigh on its stock performance.
With increased investigations and the potential for regulations, the sector could suffer as investors speculate on the impact of these investigations on market leaders. Apple, as another target of EU scrutiny, may face similar headwinds.
Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'
Oct 11, 2024, 2:24 AM
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
Oct 11, 2024, 12:20 AM
The Taiwanese government suggested the detentions may be a case of "abuse of power" by Chinese police.